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Bitcoin's gains from a U.S. court ruling that bolsters future prospects for retail investor-friendly funds have rescued the original cryptocurrency from a dismal month, offering new optimism over its longer-term outlook. The Securities and Exchange Commission's denial of Grayscale Investments' proposal was «arbitrary and capricious», a federal court said on Tuesday, handing the crypto asset manager a landmark victory that could pave the way for the first product of its kind. Top cryptocurrency bitcoin gained more than 7% on the news, setting it on course for its best day since March and cutting some of the heavy losses incurred over the summer. It was last trading at $27,920.

Day trading guide for today: Following mixed global market sentiments, Indian stock market swing between gains and losses on Thursday session and finally ended in red territory. NSE Nifty snapped its three days winning streak and finished 93 points lower at 19,253 whereas BSE Sensex dipped 255 points and closed at 64,831 levels.

Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading flat at around 19,389 level as compared to the Nifty futures’ previous close of 19,428.30. On Thursday, the market failed to sustain intraday gains and ended lower amid the monthly derivatives expiry.

Subhash Chandra’s Essel Group is in talks with corporate houses, real estate developers, and leading private equity players for the sale of marquee land properties and a few unlisted infrastructure assets to generate ₹1,500 crore that he is supposed to pay American PE firm JC Flowers to settle his debt obligations and take back control of assets including direct-to-home (DTH) company Dish TV, said multiple banking and ibanking sources aware of the talks. “The group has enough as sets to liquidate, pay off the settlement amount, get back whatever securities are pledged, and get free Dish TV and Zee Learn from JC Flowers. Dish TV's 24% stake would be valued around ₹800-900 crore,” said a banker.

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year. Major benchmarks rose slightly in early Asian trade, with the U.S. West Texas Intermediate crude (WTI) up 7 cents, or 0.1%, at $83.70 a barrel, while Brent crude was also up 7 cents at $86.90/bbl as of 0107 GMT. Analysts expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels a day into October, adding to cuts by the Organization Petroleum Exporting Countries and allies, known as OPEC+. «We continue to expect cuts to be extended, with prices above US$90/bbl (on a sustained basis) required to draw OPEC supply back to market, as well as incentivize U.S.

Nasdaq higher on Thursday after U.S. inflation data matched estimates, underscoring expectations the Federal Reserve could pause its monetary tightening, while Salesforce climbed following an up upbeat forecast. The Nasdaq reached its highest in over four weeks after a Commerce Department report showed the Personal Consumption Expenditures (PCE) price index, considered the central bank's preferred inflation gauge, climbed 3.3% in July on an annual basis, in line with expectations. Excluding volatile food and energy components, the core PCE price index rose 4.2% in July, year-on-year, also in line with estimates. Traders' expectations for a pause in rate hikes at the Fed's September policy meet remained at an 88.5% chance, while their bets on the central bank keeping rates unchanged in November stood at 51%, according to the CME Group's FedWatch tool. «Investors believe the Fed is data dependent, and the data is in the market's favor.

insurance policy for his wife, Ginni Thomas, was valued at less than $100,000 in 2021. The reason cited by Thomas for accepting the luxurious means of transport was increased security risks. He stated that his security detail advised non-commercial travel whenever feasible, particularly following a leak that indicated the court's intention to overturn established abortion rights, Reuters reported.

G20 summit. Also read: ‘G20 leaders are going to ask…’: Rahul Gandhi attacks PM Modi on OCCRP allegations against Adani Group The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. This includes supporting the G7-led price cap on Russian oil exports and efforts to strengthen global food security in the face of restrictions on Ukrainian grain exports.

₹6 trillion, or a third of the ₹17.9 trillion estimated in the union budget for FY24, data from the Comptroller General of Accounts (CGA) showed on Thursday.This week, reports on job openings, consumer confidence and inflation in the US stoked hopes on Wall Street that the Fed may hold rates steady at its next policy meeting in September.India's gross domestic product (GDP) grew by 7.8 per cent in the April-June quarter of current fiscal (2023-2024), compared to a growth of 6.1 per cent in the previous January-March quarter of fiscal 2022-23, according to official data shared by the National Statistical Office.On a year-on-year basis, the GDP print recorded in the correpsonding period last year was 13.1 per cent. The Q1FY24 economic growth is the highest in four quarters, largely driven by a robust services sector, and strong capital expenditure.

Indian stock market is expected to open on a tepid note Friday on the back of mixed global cues. Asian markets traded mostly higher, while the US stock market ended mixed overnight amid the release of key economic data that raised hopes that the US Federal Reserve may not hike interest rates further. Investors await the US employment data due on Friday for clues on the Fed’s monetary policy outlook.

U.S. applications for unemployment benefits fell slightly last week as businesses continue to retain employees in an economy that has largely withstood rapidly rising interest rates for more than a year

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September

Two spinoffs of “The Walking Dead” and the next season of “Interview With the Vampire” will be resuming production despite the Hollywood strikes after reaching a deal with the actors' union

When it emerged this week that U.S. health regulators are suggesting that the federal government loosen restrictions on marijuana, the news lit up the world of weed

El Salvador’s Bitcoin City has reportedly attracted its first international “resident,” with an American bitcoiner moving to the area where the city is being constructed.

Sula VineyardsGlobal investment firm Verlinvest Asia has sold partial stake in Sula Vineyards through block deals on Thursday.Gujarat GasSaudi Aramco has fixed September propane contract price at $550/tn as against current price of Rs $470/tn.

Shares of most Adani group companies fell 2-4% on Thursday as sentiment soured after a report by Organised Crime and Corruption Reporting Project (OCCRP) — a network of investigative reporters backed by billionaire-philanthropist George Soros — alleged that business partners of the Adani family made large investments in its shares through 'opaque' Mauritius funds. The group lost nearly ₹35,200 crore in market capitalisation following the sell-off. Shares of Adani Green Energy fell 4.3%, while Adani Enterprises, Adani Transmission and Ambuja Cements fell nearly 4%.

«We expect the market to remain sideways on the back of mixed cues from global as well as domestic markets,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 22.5 points, or 0.12 per cent, lower at 19,406.50, signaling that Dalal Street was headed for muted start on Friday.

According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.

In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor. The view emerging from officials in Washington, Rome, Tokyo and other capitals, who spoke with Bloomberg News mostly on condition of anonymity in recent days, is that the dominant economic narrative that has guided the flows of capital around the globe for decades is flipping fast.

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.